new high at 2044 for gold sine 2022
"Gold prices rose above $2040 an ounce on Thursday, the highest since March 2022, boosted by a softer dollar after more data reinforced the US economy is cooling, raising expectations the Fed could halt interest rate hikes or even cut them soon. The latest data showed US producer prices fell the most in nearly 3 years in March while markets were expecting a flat reading. In addition, another report showed weekly claims rose more than expected last week. Earlier, the headline inflation in the US fell to 5% compared to forecasts of 5.2% and the monthly rate increased by 0.1%, half the market expectations. On the other hand, core inflation edged higher to 5.6%, but was in line with forecasts. FOMC minutes showed the Fed sees more policy firming as appropriate, but some officials considered a pause in the tightening cycle in March due to the banking turmoil."